| Wednesday 26 March |
| 19.00 |
Pre Dinner Drinks, followed by Dinner at
Queens’ College |
| Thursday 27 March |
Session 1: The Role of Data in Policy Making and Modelling
Chair: Denise Osborn
|
| 09.00 - 09.30 |
Data Uncertainty and Policy Decisions
Lucrezia Reichlin (ECB and CEPR) |
| 09.30 - 10.00 |
Research with Real-Time Macroeconomic Data
Dean Croushore (University of Richmond) |
| 10.00 - 10.45 |
Does It Matter How to Measure Aggregates? The case of money transmission mechanisms in the Euro Area?
Andreas Beyer (ECB)
*Katarina Juselius (presentation) (University of Copenhagen)
Discussant:
Mardi Dungey (University of Cambridge)
|
| 10.45 - 11.15 |
Break |
Session 2: Benchmark Revisions
Chair: Matteo Ciccarelli
|
| 11.15 - 12.00 |
A state space approach to extracting the signal from uncertain data
Alistair Cunningham (Bank of England)
Jan Eklund (Bank of England)
Christopher Jeffery (Bank of England)
George Kapetanios (Bank of England and Queen Mary University of London)
*Vincent Labhard (ECB)
Discussant:
Sylvia Kaufmann (Austrian Central Bank) |
| 12.00 - 12.45 |
How to Treat Benchmark Revisions? The Case of German Production and Orders Statistics
*Thomas Knetsch (Deutsche Bundesbank)
Hans-Eggert Reimers (Hochschule Wismar)
Discussant: Kevin Lee (University of Leicester) |
Session 3: Data Sources and Consequences
Chair: Tor Jacobson
|
| 14:00 - 14.30 |
Compiling short-term European statistics at Eurostat
Roberto Barcellan (Eurostat) |
| 14.30 - 14.50 |
The Euro Area Wide Real Time Database
*Domenico Giannone (ECB, ECARES and CEPR)
Jérôme Henry (ECB)
Magdalena Lalik (presentation) (ECB)
Michele Modugno (ECARES) |
| 14.50 - 15.05 |
SDW database with special reference to the real time database
Magdalena Lalik (presentation) (ECB) |
| 15.05 - 15.25 |
The OECD Real Time and Revisions Database – Applications to the Euro Area
Emmanuelle Guidetti (presentation) (OECD) |
| 15.25 - 16.00 |
PEEIs real-time data base
*Rosa Ruggeri Cannata (Eurostat)
Gian Luigi Mazzi (Eurostat)
Discussant: Heinz Christian Dieden (ECB) |
| 16.00 - 16.30 |
Break |
Session 4 Monetary Policy
Chair: Sanvi Avouyi-Dovi
|
| 16.30 - 17.15 |
The Stress of Having a Single Monetary Policy in Europe
*Jan-Egbert Sturm (KOF Swiss Economic Institute and CESifo)
Timo Wollmershäuser (Institute for Economic Research and CESifo)
Discussant: Refet Gürkaynak (Bilkent University and CEPR) |
| 17.15 - 18.00 |
Taylor Rules and the Euro
Tanya Molodtsova (University of Houston)
Alex Nikolskorzhevskyy (University of Houston)
*David Papell (University of Houston)
Discussant: Luisa Corrado (University of Cambridge) |
| Friday 28 March |
Session 5 Aggregation and Disaggregation
Chair: Kirstin Hubrich
|
| 09.00 - 09.45 |
Forecasting Euro-Area Variables with German Pre-EMU Data
Ralf Brüggemann (Universität Konstanz)
*Helmut Lütkepohl (EUI)
Massimiliano Marcellino (Universitá Bocconi, CEPR)
Discussant: Michael Clements (University of Warwick) |
| 09:45 - 10.30 |
Constructing Historical Euro Area Data
*Heather Anderson (Australian National University)
Mardi Dungey (University of Cambridge)
Denise Osborn (University of Manchester)
Farshid Vahid (Australian National University)
Discussant: Andreas Beyer (ECB) |
| 10.30 - 11.00 |
Break |
Session 6 The Consequence of Choosing Different Weights
Chair: Mardi Dungey |
| 11.00 - 11.45 |
Forecasting Monthly Industrial Production in Real Time - from Single Equations to Dynamic Factor Models
Guido Bulligan (Banca d'Italia)
Roberto Golinelli (University of Bologna)
*Giuseppe Parigi (Banca d'Italia)
Discussant: Matteo Ciccarelli (ECB) |
| 11.45 - 12.30 |
Short term forecasts of Euro Area Real GDP: Are Economic Weights Adequate for Aggregating National to Area Wide Indicators
Oliver Hüslewig (Ifo Institute for Economic Research)
*Johannes Mayr (Ifo Institute for Economic Research)
Timo Wollmershäuser (Ifo Institute for Economic Research and CESifo)
Discussant: Antonio Espasa (Universidad Carlos III de Madrid) |
| 12.30 - 12.45 |
General Discussion and Conference Conclusion |
| 12.45 - 14.30 |
Lunch |
| *denotes presenter |
